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workers. let's talk to chris edwards director of tax and policy at the kato institute. but besides this number 143,000 workers, when everybody has basketball getting laid off. average civilian pay, average federal workday, $134,000. that is $32,000 more than the average pay. that is astonishing. >> if you look at total compensation, the average worker does $124,000 a year versus $68,000 a year. the benefits are amazing. they get a 401(k) styled pension and they get high job security. they are laid off one quarter of the rate that high workers are. we don't want to draw the best and most skilled workers in washington. >> it is interesting to me, people seem to know this. 67% of us think that the people in the private sector work harder than those in the public sector. the federal workforce has more machine money. we are supposed to be having budget cuts. why isn't anyone looking for it. this is one of the areas where republicans have pushed for spending restraint. there is a lot of money here. federal workers outside of the military cost us $240 billion a year. 100,000 beurocrats in
that could be a deal-breakner talks to avoid the cliff. representative charlie raquel and donna edwards ahead. >> and medicare is paying as much as back braces like this than they should be paying. before we cut spending and taxes, should we be focus on eliminating waste and abuse? >> instagram, the latest battle royale and backlash is intense so stay with us. [ male announcer ] with wells fargo advisors envision planning process, it's easy to follow the progress you're making toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. yes, you could. come pre-filled with problems. enough is enough. introducing the chase l
into bankruptcy. joe? >> stick around. i feel like ralph edwards of "this is your life." david do you recollect have something or or just calling in to talk because you saw me on the air? >> caller: the idea that you work your full 12-hour shift is unbelievable. >> well, thanks for calling. the nice and the ice, it rhymes and everything? >> you know, i think having been able to do a little reporting late in the day, to tell you what i'm starting to hear is price terms. others reported you might see a deal. what i can tell you is that the ice exchange is very close to acquiring nyse for a deal worth rafael $33 a share. it would be two-thirds in stock, one third in cash is what i'm hearing. if you back into the math on that, you end up with a ratio somewhere around 1.7 for each ice share and add in 11 bucks in cash, you get to around $33 a share. that's what i'm hearing at this point, joe, for a deal that could be as soon as tomorrow morning from what we're hearing. unclear as whether the board has signed off on it as of yet. the deal value total and $8 billion. that includes debt. the nyse has b
keeps on ticking, no deal yet. what is an investor to do in the new year? >> edward pangin with us, james buckingham, rick santelli. everybody on board to pick apart what has just happened and what may happen going into the new year. what do you think? are you hopeful to get a deal? do you want to buy stocks at this point what do you think? >> thanks for having me on. i think we're getting some closure on the fiscal cliff. but we want to look behind the scenes. earning estimates for the s&p 500 and the broader market. over the last tlie months you see negative pressure on earnings. that's led by energy sector and stocks. ex-financials. and what's also giving us a bit of pause heading into 2013 is the fact that these expectations are calling for about a 7% increase in earnings for next year which may not seem heroic on the surface, but it is a reacceleration from the 5% that we're going to post most likely in 2012. >> you have to think about fundamentals then. >> yeah. i'm worried a bit about that and the fact we're probably going to see a reset in earnings estimates in the next thr
of weight loss programs is also losing executives. this time it's its acting cfo, edward powers, resigning no later than january 4th according to an s.e.c. filing. this comes of course in the wake of the resignation of the firm's prior cfo back in november. again, its shares taking a hit on that news, down almost 13%. simon, back to you. >>> thank you very much. in today's yahoo! finance poll, we asked you one measure of holiday sales indicating the weakest pace of recovery since 2008. what is your take? the vast majority of you, two-thirds almost, saying that uncertainty over the fiscal cliff is holding you back. of course, we saw that in the survey data time and time again. now it may be appearing in the real numbers as we head towards that deadline five days and counting. now let's see what's coming up on "street signs." >>> coming up at the top of this hour, forget the fiscal cliff. we are staring down the barrel of a container cliff as unions are threatening to shut down ports along the eastern seaboard. also, we peer in netflix's christmas eve outage. what does it mean for the compan
deficit targets. the fund's mission chief, edward gardener, said the country's target of 3% gdp was less pressing than cutting excess from public finances. the imf warned against more tax hikes, warning these could further restrict french economic growth. >>> and speaking exclusively to nbc, the ceo of alcatel-lucent says he expects french companies to continue to battle head winds. >> we will improve on structural inners, for sure. if you take a european approach, you certainly will see some of the benefits of the structural improvement that we made. but if you look two feet on the ground, i think 20 is 13 will not be substantially better than 2012. >> what about your business? >> i think what you saw in 2012 was that the u.s. market was very strong. europe was weak. china was very weak. and i think that if you look to 2013, the u.s. will stay strong. i think europe will stay where it was in 2012 and i think that in china, we'll see. >> how are you dealing with the competition from asian telecom equipmentmaker? >> like every other competitor, you have to deal with it. for us, it's innov
that? do you know what that is? that's a scissors. i think that edward scissorhands out to be sent a videotape or cd to every republican and democrat and the president so they can learn what cutting is all about. okay? let me get this straight. if we're going to spend one of these and we're going to try to project how many we spend, if we do this and we cut it up, okay, that's a real spending cut. that's what we need to do. we need to take ben franklin and we're talking trillions and there's a lot of bens and we need to cut them. hear how that sounds? here's the problem that i see. we look at issues and then we talk about savings and then we go to a camera and we being all politicians and talk about the ten-year savings. we spend about 80 billion of these, $80 billion, on two wars. for the most part other than how many troops we're going to keep in afghanistan, they're over. so if you are spending $80 billion a year on two wars and they end, you're not spending 80 billion a year so$80 billion a . should you say you're cutting the deficit $800 billion? the real issue is this. if we'
, edward. here's the deal. they are raising or confirming the top end of their guidance for the full year. they are authorizing a $1.5 billion buyback. this is on top of 750 million that they completed this year. they are boosting their dividend for next year by 30% and they are reaffirming their long-term sales growth of 4 to 6%. so the former -- i don't know -- relative of coca-cola, largest bottl bottler in the united states. it goes back to our recovery road trip, atlanta. >> that's right. remember you were in front of those aquatic -- the whales, the dolphins behind you. >> yes those weren't whales or dolphins. >> in the meantime, it's coming on the back of a nice 90-point gain on the dow. thank you. >>> knight capital group's board meeting in hopes of a buyout offer. kate kelly has more at headquarters. kate? >> it is turning more aggressive as they battle for the upper hand. final discussions begin on sunday and getgo will pay $3.60 for as much of the outstanding shares of knight. they would keep knight public. virtue has proposed to pay about $3.20 per share and would privatize th
. some people reporting continual in the early stages, obviously. this is of a live view of king edward vii hospital where we believe kate middleton has been for several days, according to the castle, due to early morning sickness. for more details on that, guaranteed it's coming your way. in the meantime, talk for "squawk on the tweet." we have been talking about that study by the carlisle and gallagher consulting group saying 1 in 3 americans would consider a mortgage from walmart and half from paypal. neither offer mortgages. suppose walmart does enter the business? complete this sentence. walmart offering mortgages is like banks offering what? robert writes, it's like banks offering walmart greeter as a financial adviser, free of charge. bubbles writes walmart offering mortgages is like banks opening on thanksgiving night. and kerry writes, ugly christmas sweaters, which might be a gift if you open the new -- a new checking account. dow down 9 points. dell
at cuss finch is it, andrew? >> here we go. >> it's not the public defender's office, it's john edwards, and $100 million net worth. >> correct. so big payday for law firm and toyota deal. the big firm, of the winner, hagans berman. do you know them? >> no. >> seattle based law firm that serves as the lead council in the class action set to receive more than $300 million. not bad work if you can get it. >> how much? >> $300 million. taking a third. a little less than a third. >> -- magnetic business cards as the ambulance passes by. >> right. >> i would buy some stock in those today, right? for these guys. you wonder why texas is doing a little built better. because they have put in some rules in place. i'm sorry. >> no. >> you come from a lawyer. >> i do. but we -- my dad doesn't have magnetic business cards. we don't do ambulances. >> no, you were on the good side of things, wasn't he? >> most of the time. >> all right. not all the time? all right. yeah, you did have that sign, i forgot, from the smoker's litigation, where did that -- asbestos? where did that come from? >> the steinwa
Search Results 0 to 9 of about 10